Paytm Bank IFSC Code and MICR Code 2024 – Each Paytm Payments Bank branch in India has a unique Paytm Payments Bank IFSC code. His IFSC code for Paytm Payments Bank allows Paytm Payments Bank account holders to send and receive money electronically. Paytm Payments bank’s IFSC code is assigned to each branch by RBI (Reserve Bank of India) to help facilitate RTGS and NEFT transactions. Paytm Bank is a branch located in the city of Delhi, India. It was established in the year 2011. The bank offers various financial services such as savings accounts, credit cards, and remittance services. The IFSC code of this bank is PAYT2N and the Micro Code is 1000106.
The Indian Financial System (IFSC) code for Paytm Bank is PAYT2N and the MICR code for this bank is 1000106. This code and code are used to process transactions and calculate fees for different products offered by the bank. If you have any questions, you can contact Paytm Bank’s customer support team via phone, email, or live chat. The customer support team will be able to assist you with any financial related issues that you might be facing.
Paytm Bank IFSC Code and MICR Code 2024
Digital money transfers are common all over the world. Nowadays, people prefer fast, convenient as well as secure financial transaction channels. Paytm is a popular online money transfer platform that operates worldwide, making it easy to send and receive money. A Paytm Payment Bank IFSC code is a unique 11-digit alphanumeric code. Used for online money transactions. B. Send money to your bank account. Use of online payment systems via smart devices. Bank customers can also use this service to top up their Paytm Payment Banking savings account from other bank accounts.
Paytm Bank IFSC Code and MICR Code is an Indian Financial Service Company which offers various banking services such as maintaining accounts, loans and other financial services to its customers. It was incorporated in August 2016 and is headquartered in Gurgaon, India. The company was incorporated under the Companies Act, 2013 (Section 8) by One97 Communications Ltd. Paytm Bank has a paid-up capital of INR 100 million and a paid-up capital of INr 500 million. The company provides various banking services such as maintaining accounts, loans and other financial services to its customers. The company is authorized by the Irda to operate as a bank in India. The company’s IFSC code is PAYTMBAN001 and its MICR code is 605011020.
Paytm Bank IFSC Code and MICR Code Overview
| Name Of Article | Paytm Bank IFSC Code and MICR Code |
| Year | 2024 |
| Category | How to gudes |
| Official Website | Click here |
Paytm IFSC CODE
PAYTM-IFSC is the code for Paytm, a digital payments and e-commerce platform headquartered in Mumbai, India. The company was founded in 2010 by One97 Communications Limited. It provides online payment solutions and e-commerce platforms to its users in India and abroad, through its various subsidiaries and partnerships. It offers services including bill payments, mobile recharges, and e-commerce. The Paytm IFSC code is used to identify the bank that accepts transfers made through the Paytm platform. It is also used to identify the location of a bank branch or an ATM machine that accepts funds transferred through the Paytm platform.
The transfer process can be done via IMPS or NEFT payment. The IFSC code letter for Paytm Payment Bank is defined as “PYTM012345”. The first four characters represent the name of the bank. At the same time, the fifth digit (zero) is reserved for future use. User can access her IFSC code in Paytm Payment Bank online or through customer service. There are also some third party websites that use Paytm Payment Bank’s IFSC code.
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What is Paytm Payment Bank?
Paytm Payment Bank is a financial service offered by Paytm, a mobile payments and e-commerce platform based in India. The service allows users to deposit money into the bank account of their choice using their Paytm wallet balance. Users can use the Service to make regular payments, transfer funds between accounts, or even build up a savings account. In addition to this, the service offers a variety of financial services, including loans, insurance, and investments. All these services are provided by Paytm’s banking partners, which means that they are integrated with the Paytm platform and available to users through the bank account they choose to link to the service.
This is a digital banking feature with zero balance requirements. We offer free online transactions and digital debit cards. This service is available on his Paytm app on any smart device. Eligible customers can request an invitation to open a bank account with this payment bank. You must open a savings or checking account with no service or opening fees. RBI has authorized Paytm Payment Bank Service to operate and provide banking services. Accessible from Android and IOS devices. Applicants can set up an account and receive all bank details such as bank statements.
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How to Open Paytm Payment Bank Account?
Open Paytm Payment Bank Account is a secured and convenient way to make payments online. It allows you to transfer funds between bank accounts, make purchases, and pay bills. The service is provided by Paytm, one of India’s leading e-money companies. You can open an account with Paytm by providing your bank account information and making a deposit. Once you are signed up, you can use the app to send money to friends and family or use it for daily expenses like groceries and utility bills.
Applicants must download or update the latest Paytm version in order to open a Paytm bank account.
- First, download the Paytm app or upgrade to the latest Paytm version.
- Open the app and select the “Profile” or “Passbook” tab.
- Go to the option to open a bank account.
- Enter a secure password and select a suggestion.
- Enter your candidate details, enter your Aadhaar number and PAN card, and confirm your address. After confirmation, your Paytm Payment Bank account will be automatically activated.
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How to Pay Merchants Using Scan Code?
- Applicants should open the Paytm app.
- Then click the “Pay” or “Submit” button. Camera opens for scanning.
- Scan the merchant’s code. Next, enter a reason for the transfer (optional).
- Enter the amount to pay and click the Pay button. The system will send you a confirmation SMS
How to Send Money Using Paytm via Mobile Number?
- Open the Paytm app and select Send or Pay option.
- Select Mobile Phone Number and enter the recipient or recipient’s mobile phone number. Applicants can select recipients from their contacts.
- Enter the amount to transfer and select the “Send Money” option.
- The system will send you a confirmation option.
Paytm users can transfer money from their Paytm savings account to other bank accounts. You need to click on the “Transfer Funds” option and follow the instructions on the page.
Procedure on Adding money on Paytm wallet
- Go to your Paytm account, select the Add Funds option, and select Wallet.
- Enter the amount you want to add and go to the Saved Cards tab.
- Then click on “Rupay Card”, enter your CVV and select “Pay”.
How to Add or Transfer Money Using Paytm with UPI?
- Open the Paytm app and select Add Money.
- Enter the amount to transfer or add.
- Go to the payment section and click UPI.
- Then go into VPA and check your pickup request in the UPI app.
- The system will confirm the payment.
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How to Send Money From Paytm Wallet to Bank Account?
- Go to Paytm app and click Send or Pay option.
- Select the Send to bank option.
- Next, enter the recipient details such as bank account number, IFSC code and transfer amount.
- Please check the contents again and click the send button to complete the procedure.
Conclusion
The IFSC code and MICR code of the Paytm Bank are used to process digital transactions in India. These codes are also used in electronic funds transfer, direct deposits, and other services provided by the bank. The IFSC code is a unique identification code that identifies individual financial institutions in India. It is similar to the Swift code used in the United States. TheMICR code is a 3-digit numeric code found on the back of chequebooks, credit cards, or checks that uniquely identify a financial institution’s processing center.
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